Dimmer and Color Tunable Market: Technological Advancements Expected To Boost Revenue Growth 2019 - 2027

Dimmer and Color Tunable Market: Introduction

Transparency Market Research delivers key insights on the global dimmer and color tunable market. In terms of revenue, the global dimmer and color tunable market is estimated to expand at a CAGR of ~8% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global dimmer and color tunable market.

A dimmer is a device that helps in adjusting or controlling the intensity or brightness of the light source, including incandescent, HID, LED, and CFL. It helps in reducing the energy usage by various light sources, which helps in conserving a large amount of energy. Furthermore, color-tunable products enable variation or adjustment in the CCT (correlated color temperature) through input control. Color-tunable products also help in improving the work efficiency and increasing the productivity, as they are capable of mimicking various light sources.

Several luminaires have drivers and engines that drive the current from AC voltage supply toward the LED light. In case of any issue with the light, drivers can be easily replaced. Since the demand for color-tunable LED luminaires is increasing across the world led by various benefits associated with them, manufacturers are also investing in producing technologically advanced light drivers. 

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Dimmer and Color Tunable Market: Prominent Regions

The dimmer and color tunable market in North America is projected to expand at a significant rate, in terms of value, during the forecast period, owing to growing adoption of the dimmer and color tunable technology in the region. The U.S. is home to several well-established players that design and offer dimmers and color-tunable products, such as Acuity Brands Lighting, Inc., Daintree Networks, Inc., Lutron Electronics Co., Inc., and Hubbell Lighting, Inc. These players have introduced technological advancements in their dimmer and color tunable offerings

In terms of volume, Asia Pacific is the most rapidly expanding market for dimmers and color tunables. This is attributable to the growing number of smart cities planned in the region, especially across major countries such as China, Japan, Australia, South Korea, and India. Moreover, countries such as China and India are densely populated, which increases the adoption of lighting. Furthermore, growth of the commercial lighting sector led by increasing spending on lighting in shopping malls is also driving the market in Asia Pacific. Moreover, rapid urbanization in the region has resulted in upgrade of traditional lighting systems into smart lighting, including dimmers and color-tunable products.